New Ranking Lists Georgetown MBA Among Best for Entrepreneurship
According to a new ranking by the Financial Times, the Georgetown McDonough School of Business MBA Program is ranked 16th in the world and 11th in the United States for entrepreneurship.
The ranking is based on a survey of MBA alumni who graduated in 2012. Among those students, Georgetown ranked 1st for the percentage of alumni companies still in business today. The school also ranked highly for the percentage of entrepreneurs who raised at least a third of their equity from private investors and for the extent to which the business school helped them start their company.
“Through the Georgetown Entrepreneurship Initiative, our MBAs have the opportunity to interact with mentors and other successful entrepreneurs, participate in national and international pitch competitions, and learn from faculty with experience in launching their own businesses and raising capital,” said Prashant Malaviya, senior associate dean for MBA programs. “When you add all that the Washington, D.C., startup scene has to offer – including our partnership with the 1776 incubator – our students are well prepared to meet their entrepreneurial goals.”
In addition to the metrics listed above, the ranking measures the percentage of all MBA graduates who started a company, the percentage of entrepreneurs for whom the company is their main source of income, the percentage of female entrepreneurs. Alumni also ranked the school for the extent to which the skills gained during the MBA encouraged them to start a company, as well as the extent to which both the business school and the alumni network helped start the company, helped secure financing, and helped recruit key staff.
“We are proud of our many alumni entrepreneurs and their success rate in launching ventures that are making an impact,” said Jeff Reid, founding director of the Georgetown Entrepreneurship Initiative and professor of the practice. “We continue to build a robust ecosystem engaging all students and alumni with an interest in entrepreneurship. The Georgetown alumni network is filled with successful entrepreneurs and investors actively looking for ways to help our students and recent graduates.”